Chasing Red Herrings: Flags of Convenience, Secrecy and the Impact on Fisheries Crime Law Enforcement - North Atlantic Fisheries Intelligence Group
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Chasing Red Herrings: Flags of Convenience, Secrecy and the Impact on Fisheries Crime Law Enforcement

by
Language
English
Published in
Publisher
Nordic Council of Ministers
Pages
93
ISBN
9789289351607
"Chasing Red Herrings" by the North Atlantic Fisheries Intelligence Group examines the profound challenges posed by flags of convenience and corporate secrecy in the fight against fisheries crime. This report reveals how the ability to conceal identities behind complex corporate structures and offshore jurisdictions fundamentally hinders law enforcement efforts, allowing illegal activities to persist.

The book details how these mechanisms create "red herrings," legal entities designed to confuse investigators and evade accountability for offenses, including tax evasion and other related crimes within the fisheries sector. It presents a factual analysis of the jurisdictions that facilitate secrecy, particularly focusing on flags of convenience, and the devastating impact this has on effective law enforcement. Beyond the estimated USD 23.5 billion lost annually to illegal fishing, the report highlights broader consequences such as lost revenue, unemployment, food insecurity, and biodiversity loss for vulnerable coastal states. This work offers critical insights for understanding the intricate nature of fisheries crime and the urgent need for transparency to achieve sustainable fisheries management.

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